Many developers paying high prices for real estate want a multiplex to help cover the cost.
VOA: standard.2010.07.06
You said,if we invest in real estate The question is how we've dealt with decline in housing prices.
您提到过,耶鲁也有地产投资,提问是,我们是怎样应对房价下跌的
People somehow got the idea that Los Angeles is just this wonderful city and so they started bidding up real estate prices.
不知怎么的人们就认为,洛杉矶是一个美好的城市,而且他们开始竞相抬升房地产的价格
We saw a collapse in real estate prices after 1990 and a recession in 1991, so it was the big story of the 1980s.
我们目睹了1990年后房价暴跌,以及1991年的经济衰退,这就是20世纪80年代的重大事件
That's overselling because we're in a real estate crisis and home prices are falling and that's the kind of thing that makes some people upset.
这分明是过度吹嘘,我们身陷于房地产危机,房价在下降,令人非常沮丧
The lesson is, I think, that we have a glamour-city phenomenon-- that excitement about real estate prices-- centered in places like Los Angeles, but it's spreading and becoming more and more of a national phenomenon and that's the bubble.
我想,教训就是,一种"魅力之都"现象,刺激了房地产的繁荣,起始于像洛杉矶这种城市,随后广为扩散,逐渐演变成一种全国性的现象,这就是泡沫
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